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British Columbia Securities Commission issues decision in the matter of Russell Chang

TORONTO, July 6, 2017 /CNW/ - A Hearing Panel of the Pacific Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") issued its Decisions and Reasons concerning Misconduct on December 7, 2015 and Penalty on May 26, 2016, in connection with a disciplinary hearing held in Vancouver, British Columbia in respect of Russell Chang. Copies of the Decisions and Reasons are available on the MFDA website at www.mfda.ca.

On June 20, 2016, Mr. Chang applied to the British Columbia Securities Commission (BCSC) for a Hearing and Review of the MFDA Hearing Panel's decisions, pursuant to sections 28 and 165 of the British ColumbiaSecurities Act (the "Act"). A copy of Mr. Chang's request for review is available on the BCSC website here.

In their Reasons for Decision dated February 27, 2017, the BCSC Hearing Panel dismissed Mr. Chang's application for review under section 28 of the Act. They confirmed the MFDA hearing panel's decision under section 165(4) of the Act. A copy of the Decision is available on the BCSC website here.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 83,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.